The Ministry of Agriculture will not introduce a profit tax for farmers

Published 2025년 2월 14일

Tridge summary

The Russian Ministry of Agriculture has announced that it will not impose a profit tax on agricultural producers and will maintain all existing preferential conditions for them. The ministry successfully defended the profit tax benefit during last year's amendments to the Tax Code. Farmers will continue to have access to property tax rates that can be set between 0 and 2.2 percent, and a preferential single agricultural tax rate that can be set between 0 and 6 percent, with some regions having zero rate. This means farmers will be exempt from income tax and property tax used in production of agricultural products.

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Original content

The Russian Ministry of Agriculture does not plan to introduce a profit tax for agricultural producers, and all preferential conditions for them will be preserved. This was reported at the 16th agricultural conference "Where is the Margin-2025" by First Deputy Minister of Agriculture Elena Fastova. She recalled that last year, amendments were made to the Tax Code of the Russian Federation, according to which taxation was increased for almost all industries, including the above-mentioned type. "The only agency, this ministry of our industry, defended the profit tax benefit, and we used this benefit as you and I, and will continue to do so," the deputy minister said. Last summer, Fastova also reported other concessions for farmers. In particular, they will still have access to the property tax rate. Russian subjects of the Russian Federation can independently set its size from 0 to 2.2 percent. A preferential rate of the single agricultural tax (hereinafter referred to as the SAT) ...

Source: Rosng